Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome

Hanwha Systems Co. is preparing to muscle into a strategic stronghold of South Korea’s missile defense industry, challenging long-time rival L...

POSCO, Hancock seek to jointly build lithium plant

POSCO Holdings Inc. on Tuesday signed a memorandum of understanding with Hancock Prospecting, an Australian mining company, to build a plant to annu...

South Korea to deploy ‘Iron-Dome’ style defense system early

South Korea will deploy a new air defense system, similar to Israel’s Iron Dome, against North Korean artillery attacks earlier than previousl...

Hyundai Steel set to supply iron powder to Korean LFP cathode makers

Hyundai Steel Co., a unit of South Korean automotive group Hyundai Motor Co., is set to enter the battery materials business by supplying iron powde...

Korea to punish copper scrap traders for illegal exports

BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...

LG Energy Solution Vertech wins 10GWh ESS projects in the US

LG Energy Solution Vertech Inc., a Texas-based energy storage system (ESS) supplier, has secured a combined 10-gigawatt hours (GWh) of grid-scale ba...

STX acquires 20% stake in lithium iron phosphate battery maker IBT

STX Corp., a South Korean general trading company, announced on Friday that it has signed a stock purchase agreement to acquire a 20% stake in the b...

POSCO fully recoups initial investment in Roy Hill mine

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, has fully recovered its initial investment of 1.3 trillion won...

Hyundai Steel develops industrial neutron analyzer jointly with startup

Hyundai Steel Co., South Korea's second-largest steelmaker, announced on Thursday that it has successfully collaborated with the in-house startup 3I...

KHNP closes in on final deal to build nuclear plant in Poland: PGE CEO

Korea Hydro and Nuclear Power Co. (KHNP) and its counterparts are now in a situation where most conditions have been met to allow them to sign a bin...

POSCO to produce low-carbon steel raw material in Australia

South Korea's top steelmaker POSCO has launched a project in Australia to produce hot briquetted iron (HBI), an essential raw material for the adopt...

KT to collaborate with Mongolia's Monnis Group in rare earth mining area

South Korea's telecom operator KT Corp. said on Wednesday that it has signed a memorandum of understanding (MOU) with Mongolia's Monnis Group for co...

POSCO gains huge dividend from Roy Hill mine in H1

When South Korea’s leading steelmaker POSCO Group acquired a 12.5% stake in Australia’s Roy Hill mine for 1.52 trillion won ($1.2 billio...

POSCO, Hancock to expand partnership beyond iron ore

South Korea’s steel giant POSCO Group plans to expand its partnership with Australian mining group Hancock Prospecting Pty Ltd. into other typ...

Seoul, Washington to bolster small nuclear reactor tech alliance

South Korean President Yoon Suk-yeol will meet with his US counterpart President Joe Biden this Saturday for a summit meeting in Seoul. The two...

POSCO, Hancock to restart multi-billion-dollar Hardey iron ore project

South Korea’s top steelmaker POSCO and Hancock Prospecting Pty Ltd, a leading Australian mining firm, have agreed to restart a long-dormant ir...

POSCO reaps rewards from Australia’s Roy Hill investment

POSCO, the world’s fifth-largest steelmaker by output, has reaped the rewards of a $1.1 billion investment it made in Australia’s Roy Hi...

POSCO emerges from pandemic blues with record third-quarter profit

South Korea’s largest steelmaker POSCO is returning even stronger from the pandemic-caused economic slowdown, with an all-time high quarterly ...

POSCO to transfer hydrogen steel tech to industry peers for shared growth

The Hydrogen Iron & Steel Making (HyIS) Forum led by the steelmaker POSCO officially opened Oct. 6 in Seoul with more than 1,200 industry partic...

Carbon neutrality reshapes global commodity markets

Global moves for carbon neutrality are reshaping commodity markets around the world. Iron ore prices have tumbled, while steel scrap prices have soa...

Steel stocks rally on iron ore price falls, Q3 outlook

Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...

POSCO partners with Australia’s Roy Hill for carbon neutrality initiatives

South Korea’s top steelmaker POSCO and Australia’s major iron ore supplier Roy Hill have strengthened their existing partnership to cond...